Poland stocks higher at close of trade; WIG30 up 1.69%

Polish stocks rose after the market closed on Tuesday, driven by gains in the Banking, Construction, and Media sectors. The WIG30 index reached an all-time high, with the index adding 1.69% to close in Warsaw. Cyfrowy Polsat SA led the gains, surging 5.21% or 0.85 points to close at 17.17 per share. Benefit Systems SA and Budimex SA also posted strong performances, with gains of 4.65% and 4.56% respectively.

Conversely, PGE Polska Grupa Energetyczna SA and Asseco Poland SA were among the weaker performers, with declines of 1.02% and 0.40% respectively. Overall, there were 287 rising stocks, 281 falling stocks, and 78 unchanged stocks traded on the Warsaw Stock Exchange. Commodity prices also showed movement, with crude oil for November delivery falling 1.10% to $88.45 per barrel, Brent oil for December declining 1.60% to $98.71, and gold futures increasing 0.95% to $4,196.42 per troy ounce.

Currency markets reflected a slight dip in the EUR/PLN exchange rate to 4.37 and USD/PLN to 3.88, while the US Dollar Index Futures experienced a minor decline of 0.37% to 101.55.